WDS continue to be the positive of the 3 services/systems i’m using. Continually producing winning days and they have now advised members of the proposed price structure for the intra day service plus another additional ‘end of day’ service which is included free with the existing ‘scalp/swing’ trades. I’ve just copied and pasted the email which probably wont work too well because theres a lot of info but only way really.
There are 2 developments of which we would like to advise you:
1. Intra-day Prices System
From 4 May we will be charging a fee for the Intra-day prices system as follows:
– Basic cost = £30 per month or £75 per quarter
– Discounted cost (for members of our end of day service) = £20 per month or £45 per quarter
Subcribers will receive the end of day prices system each evening showing potential profitable trading areas for the next day for the Dow, FTSE and EUR/USD (averaging 1,000 points per month based on members feedback) – we are also looking at including similar information for other Forex pairs and commodities e.g. GBP/USD, Crude Oil etc.
Subscribers will also receive any intra-day trade alerts/market commentary we send out. We will also send subscribers some educational materials which may help with their intra-day trading.
2. New End of Day Trading System
To complement our swing and overnight scalp signals we are looking to develop an end of day system whereby we can provide a signal most evenings, and to this end we have been testing a new strategy as follows:
Before 9pm BST each evening we will send a BUY, SELL or NO TRADE signal which is to be actioned at 9pm.
The take profit limit will always be 50 points.
With regard to stops there are 2 options:
Option 1 = 50 point stop;
Option 2 = No stop (or 500 points)
If the trade is not completed before 9pm the following day close it out manually then. The results of our backtesting from July 08 to date (174 trades) are as follows:
Option 1 = 1,000 points profit (average 110 per month), only 2 losing months (220 and 200 points) – 97 wins, 77 losses (biggest drawdown/consecutive loss was 350 points)
Option 2 = 2,929 points profit (average 325 points per month), only 1 losing month (91 points) – 148 wins, 26 losses (biggest drawdown/consecutive loss was 425 points) – there were 4 occasions when there were 2 losing trades in a row but never 3 losses in a row
Option 3 – this is exactly the same as option 2 but following a loss the stake used is increased (up to 5 times the original/base stake) until the next win = 5,154 points profit (average 520 x base stake per month), no losing months (biggest drawdown 720 x base stake).
With Option 3 use a smaller base stake as need to bear in mind that following a loss the next stake could be up to 5 times bigger e.g. on a base stake of 50p per point 5x = £2.50 per point, base stake £1 per point 5x = £5 per point, base stake of £10 per point 5x = £50 per point.
We shall begin sending signals for this system from 4 May (beween 8.45pm and 8.59pm BST) in the form of BUY or SELL x1, x2, x3, x4, x5 (the x1, 2, 3, 4 ,5, will relate to those following Option 3 with x1 meaning bet base stake, x2 bet 2 times base stake etc). It is up to you which of the 3 strategies you follow (if any), which will depend on your starting bank/attitude to risk etc. We would suggest paper trading this system initially. This service will be provided FREE to all end of day signal subscribers but will not form part of the total points generated when calculating the performance related payment fee (which will continue to be based solely on points generated from swing and overnight scalp signals, with such signals continuing to be sent between 9pm and 10pm each evening).
We hope the above explains everything sufficiently but if you have any questions regarding either of the 2 developments please do not hesitate to contact us – we will keep a record of all questions asked and respond by sendng a group e-mail containing each question and answer before next weekend i.e. before 2 May.